Video 1:30
ABC Business and Market Analysis

Transcript

to finance and THE BANKING SYSTEM IN CYPRUS HAS HAD AN UNEVENTFUL RE-OPENING, WITH THE GOVERNMENT PRAISING CYPRIOTS FOR REMAINING CALM.

TIGHT RESTRICTIONS WILL REMAIN ON CASH WITHDRAWALS AND MONEY TRANSFERS FOR A MONTH.

A GOVERNMENT SPOKESMAN SAYS THE BAILOUT PACKAGE HAS SAVED CYPRUS FROM THE BRINK.

“BUT HE SAYS THE FUTURE FOR THE COUNTRY'S FRAGILE ECONOMY REMAINS UNCERTAIN.WHAT IS A CONCERN IS HOW THIS ECCONOMY WHICH IS SMALLER NOW IS GOING TO ADDRESS TO MEET THE OBLIGATIONS WE HAVE WITH BALANCING THE PUBLIC FINANCE HAVING SURPLUS IN ORDER TO PAY OUR DEBTS WE HOPE THIS IS NOT GOING TO BE ANOTHER VICIOUS CIRCLE AS THOSE WE HAVE SEEN IN OTHER COUNTRIES.”